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. but later on in the week, housing numbers final q3 gdp. keeping a close eye on newtown, connecticut, our hearts and prayers going out to the victims there. remembering those who lost their lives at sandy hook elementary in newtown. >>> a moment of silence observed at the new york stock exchange. in remembrance of those who lost their lives in the newtown, connecticut, shootings. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> time for the "mad dash" on a monday morning. apple gets an inordinate amount of attention. but it's not the sole source of pain. >> no. i'll tell you something, carl, we used to try to figure out who is in the apple device. tear it d
selling its investment in gunmaker freedom group in light of last week's school shooting in newtown, connecticut. it did have a stake in freedom group. it has invested $751.4 million as of the end of march. cerberus acquired bushmaster last year. and my column today focuses on the number of private equity firms that have major stakes in gunmakers. colt, by the way, is another that is one of them. mid ocean owns a piece of bushnell. doesn't make guns, makes everything but the gun itself. >> what do you mean, the components? >> if you want a 25 round magazine loader, they have it. if you want a military grade night vision, they have it. if you need laser guided things, that's what they make. >> but if you look at the numbers, the sales of a lot of these gunmakers, freedom group in particular have been rising sharply. and, you know, the day after -- >> and the automatic rifle, that's where the growth is coming from. >> absolutely. the day after president obama was elected, you saw a sharp jump in sales. >> i should say as of last night when i was working on this piece, there was a a br
on that shooting at the sandy hook elementary school in newtown, connecticut. nbc news is reporting as many as 27 people may be dead from that shooting which broke out this morning shortly after 9:30. that's when police were called. as many as 17 to 18 of the victims are children. 7 to 8 adults including the gunman who authorities described to nbc news as a 20-year-old connecticut man who was dressed in black and was carrying two handguns. connecticut state police are set to begin a briefing at this hour. danbury officials and hospital officials tell nbc news that at least three people have been transported to the hospital. again, to as many as 27 people killed. we will bring you more details as they become available. back to you. >> thank you very much, bertha. we'll keep checking back with you and monitoring the situation. obviously an incredibly tragic situation still unfolding in newtown, connecticut. we will keep you up to date as new information does become available, but right now we turn our attention to what we do here at cnbc. our focus is the markets. we will be following the other sto
. as the debate over how to happened in newtown connecticut continues. the national rifle the northbay was bombarded with heavy rainfall. in corte madera heavy rains kept some christmas shoppers at home. the rain brought with it flooding to many parts of the north bay. crews worked to clear roadways and make it safe for those who braved the >> i braved the rainfall, to get at the shopping done. >> a much needed break from the rain today will allow last minute shoppers to get their shopping done today before more showers arrive for christmas. please make readable for anny the raiders playing out the >> po 42 degrees rebels, with locally dense fog. novado, 42 degrees--right now. there is a storm system ruling through the pacific. just in time for the holiday, is brewing that storm system- over the pacific. mainly cloudy conditions for christmas day. you can see heavier rainfall for santa rosa. even towards petaluma. and just light rainfall for the bay bridge, oakland and delta and portions of the delta. san jose, however not picking up that much. but we could pick up in intensity. the wi
the bushmaster rifle used by the shooter. all dpuns have been removed from stores near newtown. a lot of debate about the degree to which private equity has inserted itself into the debate. some investors may be rethinking their position on investing in companies like freedom, and certainly you read the statement from service -- >> it's straightforward. very interesting story. if you get a change in heart on the part of the pension funds that make up so much of the funds for private equity, not to mention, by the way, hedge funds and other investors out there, you could see some ramifications. this certainly may be one of them right here. the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for
's mood is somber this morning, the country is in mourning following the events friday in newtown, connecticut, father jonathan morris on that next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine en brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blocktomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. >> all right. a lot depends for the trading session this week on any headlines that come out of these fiscal cliff negotiations. you can expect headlines to move this market. this morning, we don't have a real market moving headline. we've reported that speaker boehn boehner has offered a deal which includes higher ta
of the tragedy in newtown we can't but help draw attention to a product, and that is the 3-d precipitating of handguns. they renewed the federal ban on plastic guns that is set to expire at the end of the year. as you heard on the program this technology does exist. it's already entirely possible to print a handgun using plastic components. and cannot be traced or identify identified. legislation around new technology like plastic guns is critical but it's clearly not enough. the biden task force that the president recently announced to help identify solutions is certainly a step in the right direction. the decision to veto a new law to conceal guns on college campuses and daycare and hospitals made good sense. but walmart and others have suspended the sale of some military style assault weapons. why they were selling them in the first place is a conversation for another time. all of that still is not enough. like so many others i'm calling for tougher gun control measures. at the very minimum they must include three key things. first we must get a ban once and for all on all assault wea
. >> part of it is hurricane sandy and part of it's the tragedy from newtown, connecticut. david: people are afraid to go out and shop? >> they're not in the mood. one quote in an article talk people think it's better to spend time with family. shopper tracker is finding that people shopping for the week that ended december 15th down 4.3%. overall they've adjusted what they think the holiday seen will be. and they've adjusted that it will be a growth of 2.5%. and thought it would be 3.3%. national retail federation is keeping their prediction of growth 4.1%. real quick, i don't know if we have the graphic available. if you invest in retailer, boy have the on-line retailers done gang busters and even the shopper track survey even on-line wasn't performing as well as last year. overall this year for shopping, the on-line stock is doing much better. >> meanwhile, j.c. penney can we put up the stock chart, intraday what it's doing? it's up almost # 4% today. does that surprise you? >> the brick and mortar retailers are up for the year. the on-line retailer, theirs is up. and once again, amaz
the post-newtown witch hunt the last week. it's unfortunate. this should be a time of sober reflection and an inclusive time for every american, with a diverse viewpoint, to be a participant in the national conversation about gun violence, about the culture, and somehow so many people, particularly in the crazed anti-gun liberal media, have demonized the n.r.a. and its millions of law abiding, peaceful gun owners who are practicing their constitutionally protected second amendment rights. self-defense, as so many people out there know, is oft often, and they put forth some good ideas, good ideas that have been embraced across the country in school districts in oklahoma, in texas. there are many, many, many armed teachers in this country and they deserve a voice, too. >> clayton: absolutely. you talk about a reasoned discussion though, that's what many conservatives thought was missing from this press conference and you mentioned the liberal media, but the new york post in the front page called him a loon, the n.r.a. loon in a bizarre rant over newtown and they felt what was missing-- i
, we got a three here. caller: i am about an hour from newtown. italy makes a difference if she did not have her firearms secured. -- it only makes a difference if she did not have her firearms secured. host: thanks for your time. guest: james is right about the issue with serial numbers on various parts. particularly assault rifles and can be reassembled in various ways. there are things that can be done. you can step serial numbers on various parts of the action of the gun. most guns used in crime are handguns. those have less squabble parts -- swappable parts. this point about education, that is certainly right. everyone would be a lot safer if gun owners were required to go through some sort of safety training. a lot of folks to not go through training because there are no rules in most states requiring them to do so. it is very difficult to know whether the person who is purchasing a firearm and knows what they're doing with it and knows how to secure it. that is why a lot of these guns and up being used inadvertently or otherwise in crime or accidental shootings. host:a tweet,
is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively h
Search Results 0 to 10 of about 11